Nevada Organic Phosphate Closes Unit Offering
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Nevada Organic Phosphate Closes Unit Offering
Vancouver, British Columbia, February 21, 2025. Nevada Organic Phosphate Inc.
(“NOP” or the “Company) (CSE: NOP), a B .C. based company engaged in the
exploration, in Nevada, for organic, sedimentary raw rock phosphate, is pleased to
announce that, further to its news release s dated October 11, 2024 and November 8,
2024, it has closed its previously announced non -brokered private placement (the
“Offering”) for gross aggregate proceeds of $ 100,000 (the “ Closing”) through the
issuance of 2,500,000 units of the Company (each, a “Unit”) at a price of $0.04 per Unit.
Each Unit consists of one common share in the capital of the Company (each, a “Share”)
and one Share purchase warrant (each, a “ Warrant”), with each Warrant entitling the
holder thereof to purchase one additional Share (each, a “ Warrant Share”) at a price of
$0.08 per Warrant Share for a period of sixty months following the date of issuance
(the “Date of Issue”). Each Warrant will be subject to an acceleration provision providing
that, if the volume weighted average price for the Company’s common shares on the
Canadian Securities Exchange (the “CSE”, or such other exchange on which the common
shares may be traded at such time) is equal to or greater than $0.12 for a period of ten
(10) consecutive trading days at any time after the Date of Issue, the Company can
accelerate the expiry date of the Warrants by disseminating a news release advising the
holders of the acceleration and, in such case, the Warrants will expire on the thirtieth day
after the date of such notice.
The aggregate proceeds of the Offering are anticipated to be used for advancement of
the Company’s Murdock Property and for general working capital. No fees were paid in
connection with Closing.
All securities issued in connection with the Closing are subject to a statutory hold period
expiring four months and one day after the date of issuance, as set out in National
Instrument 45 ‐102 – Resale of Securities . The Offering remains subject to regulatory
approval and the approval of the Canadian Securities Exchange (“CSE”).
None of the securities sold in connection with the Closing have been and will not be
registered under the United States Securities Act of 1933, as amended, and no such
securities may be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements. This new s release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities
in the United States or any jurisdiction in which such offer, sol icitation or sale would be
unlawful.
Nevada Organic Phosphate Inc.
NOP is a junior exploration company with a sedimentary rock phosphate property (the
“Murdock Property”) hosting a nearly flat lying sedimentary bed of known phosphate
mineralization in NE Nevada.
The increasing interest in organic and sustainable agriculture practices has contributed to
the demand for organic fertilizers, including those derived from rock phosphate. Organic
rock phosphate is often marketed as a fertilizer that not only provides phosphorus but also
contributes to overall soil health.
The Issuer aims to be one of the only certified organic rock phosphate producers with
large scale potential in North America. The Murdock Property is situated adjacent to a
main highway and the rail head to California.
For More Information
Robin Dow, CEO
T: 604.355.9986
Neither the Canadian Securities Exchange nor its regulations services providers have reviewed or accept
responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements and information (“FLSI”) within the meaning of
applicable securities laws. FLSI may include expectations, anticipations, beliefs, opinions, plans, intentions,
estimates, forecasts, projections, guidance or other similar statements and information that are not historical
facts. All statements which are not historical statements are considered FLSI. Forward- looking statements
in this press release include, but are not limited to, statements regarding the Offering and the anticipated
use of proceeds of the Offering. All FLSI is based on assumptions, which may prove inaccurate, and subject
to certain risks and uncertainties, including without limitation those risks and uncertainties identified in the
Company’s public securities filings, which may cause actual events or results to differ materially from those
indicated or implied in FLSI. Accordingly, readers should not place undue reliance or value on FLSI.
Although the Company believes that the expectations reflected in any FLSI in this news release are
reasonable at the present time, it can give no assurance that such FLSI will prove to be correct. Any FLSI
in this news release is made as of the date hereof and the Company undertakes no obligations to publicly
update or revise any FLSI, whether as a result of new information, future events or otherwise, unless
required by applicable securities laws. Any FLSI in this news release is expressly qualified in its entirety by
this cautionary statement.